With more than 90% of the votes counted, Greece’s conservative New Democracy (ND) party is set to win the country’s parliamentary elections, beating Prime Minister Alexis Tsipras’s leftist Syriza party, local media reported.
Greek Interior Ministry projections showed ND with 39.8% of the vote, ahead of Syriza’s 31.5%.
Tsipras conceded defeat to his opponent on Sunday evening, saying “we accept the verdict of the people.”
“We took difficult decisions to bring Greece where it is today and paid a heavy political price,” Tsipras said, referring to his handling of the euro debt crisis.
His left-wing Syriza party was voted into power with an anti-austerity mandate in 2015.
However, within a year, Tsipras watched his approval rating plummet after moving forward with a third bailout plan despite an overwhelming “no” vote during a referendum on the EU’s terms.